In 2025, the real estate market in Da Nang shows signs of improvement, especially in the northwest part, which is attracting investors and customers. Many large-scale projects are being implemented, promising to strongly promote the city’s socio-economic development.

Da Nang’s real estate market is flourishing thanks to the implementation of large projects. Son Tra District has an increasing number of high-rise projects under construction. Photo: TRONG HUNG

Land prices in the suburbs go up

Da Nang’s northwest part is witnessing the boom of many important projects. The most prominent is the Lien Chieu seaport, one of the city’s strategic projects. Once completed, the port will become a major cargo transit centre in Viet Nam’s central region, creating strong development momentum for the northwest part and neighbouring areas.

In addition to the Lien Chieu port, the Hoa Ninh Industrial Park in Hoa Vang District with a scale of more than 400 hectares and a total investment of over VND6,200 billion, starting in early 2025, is attracting the attention of high-tech enterprises. Along with that, many key traffic routes such as the Northwest axis 1, the extended Hoang Van Thai Road, the Da Nang - Quang Ngai Expressway, the project to upgrade National Highway 14B and the construction of the Quang Da Bridge connecting Da Nang and Quang Nam Province are also about to be completed, helping to increase the real estate value in the area.

Resolution No. 136/2024/QH15 of the National Assembly on the organisation of urban government and piloting a number of specific mechanisms and policies for the Da Nang development allows the establishment of a free trade zone associated with the Lien Chieu Port. This area includes a production area, a logistics centre and a high-end commercial - service area, opening up great opportunities for real estate in the area.

The strong development of infrastructure and investment attraction policies have caused land prices in the city’s northwest part to increase significantly compared to 2024. As recorded in the communes of Hoa Son, Hoa Ninh, Hoa Lien, Hoa Bac, Hoa Phu, Hoa Vang District, resettlement land prices have increased by VND100 million - VND150 million/plot. For example, the 5.5m road in Resettlement Area 6 in Hoa Son Commune has increased from VND1.65 billion before Tet to VND1.8 billion; the 7.5m road has increased from VND2 billion to VND2.2 billion.

In the Hoa Lien Resettlement Area, land prices range from 1.9 - VND 2.7 billion /plot, an increase of about VND200 million compared to the end of 2024. In addition to land plots, residential land in Hoa Son, Hoa Ninh, and Hoa Lien communes has also increased in price, especially in areas with projects being implemented. Land prices here range from VND900 million to VND1.2 billion VND/plot (with the area of over 120m²).

The implementation of a series of large projects as well as the city’s investment attraction policies are causing land prices in the northwest region to increase significantly compared to 2024. Here is a corner of the ground at the resettlement area of Hoa Phu Commune, Hoa Vang District. Photo: TRONG HUNG

A series of factors attract investors

Currently, the Da Nang Department of Construction has submitted to the Da Nang People’s Committee for approval 9 urban subdivisions, covering the entire boundary of 6 districts and the urban part of suburb Hoa Vang District.

This planning contributes to removing obstacles; creating favourable conditions for projects to complete legal procedures, implement construction and attract new investment; promoting economic growth.

In 2024, the Da Nang Department of Construction licensed 85 private projects with a total investment capital of more than VND61,000 billion. The city also approved the investment policy for many large-scale real estate projects. These factors have helped the apartment real estate market become the main segment of the Da Nang real estate market.

The Da Nang residential real estate market report released by the DKRA Group Joint Stock Company shows that in 2024, apartment prices in Da Nang increased by 3 - 7% compared to the end of 2023, mainly concentrated in Son Tra and Ngu Hanh Son districts.

The Class A apartment segment accounts for 67% of the total supply, mainly in projects along the Han River. Primary selling prices range from VND60 - 85 million/m² but still attract customers. Meanwhile, land plots continue to be scarce, accounting for only about 33% of the total primary supply.

Mr. Nguyen Thanh Son, a real estate broker in Hoa Vang District, said that since the beginning of 2025, many individual investors have been hunting for residential land or land in residential areas for reinvestment, building boarding houses or waiting for prices to increase.

Meanwhile, real estate businesses have focused on large projects, developing ecological urban areas and modern living spaces.

“Since after the Tet holiday, many customers have been interested in finding affordable land with full legal value. We are also ready to search and meet current practical needs,” said Mr. Son.

According to Mr. Nguyen Duc Lap, the Director of the Institute of Real Estate Research and Training, large-scale projects such as the free trade zone and the financial centre will create strong momentum, opening up great development potential for the Da Nang real estate market in the coming time.

Analyzing each segment, Mr. Lap commented that secondary land maintained its price increase momentum but without major fluctuations. The southern and northwestern areas of Da Nang will be especially potential thanks to a series of large projects that have been implemented or are being implemented.

The apartment market continues to recover strongly with many new projects, attracting young buyers and investors from other provinces and cities thanks to competitive prices as compared to many localities. Logistics and industrial real estate also have great room for development, promising to become a bright spot in the coming time.

According to market data from Batdongsan.com.vn, right after the Tet holiday 2025, the number of listings and the level of interest in real estate are showing a positive recovery.

Commenting on the real estate market in Da Nang city, Mr. Dinh Minh Tuan, the Director of the Southern region of Batdongsan.com.vn, said that Da Nang continues to lead the list of most searched localities in terms of real estate in January 2025. This city still maintains its position as one of the attractive real estate markets thanks to the strong development of tourism and modern transport infrastructure.

Reporting by TRONG HUNG - Translating by A.THU